The Space Launch Industry Is in Big Trouble... Except for You-Know-Who
By Stephen Green "Early this morning, SpaceX launched the final GPS III satellite in our constellation, the most advanced GPS satellites ever built," Space Force Gen. Chance Saltzman announced on Tuesday. It's the finishing touch, as Chronos Intelligence explained, in a "constellation that every smartphone, every ship, every aircraft and every missile guidance system on Earth depends on." SpaceX might just call it "Tuesday." Elon Musk's launch company is about to raise tens of billions in the biggest-ever IPO on its way to easily top a $1 trillion valuation — and no wonder. This morning's Space Force mission was its 48th Falcon 9 launch of the year (with a 100% success rate) and on track to roughly match last year's record-breaking launch cadence. Meanwhile, the company is making final preparations for the next flight test of the massive Starship rocket that will not only make the Falcon 9 obsolete, but every other rocket in the world....